Actuary Salary

The average salary for a Actuary in the UK is:


Job profile for a Actuary

An Actuary is a professional qualification obtained by completing exams with Institute/Faculty of Actuaries - actuaries work in financial areas such as insurance, pensions and investment. For instance, one might give advice to the Trustees and sponsoring Companies of occupational pension schemes (which often requires detailed calculations). Advice is largely in respect to funding and investment and the issues faced in running such schemes, including management of risk. For Defined Benefit schemes the Scheme Actuary is appointed in a Statutory Role for specific areas such a advice on funding (including signing off certain certificates required by regulations).

- Actuary Job Profile

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Actuary Salary Comparison

In 2008, the average salary for this job was £37,786.

The average salary in 2009 was £45,385, based on 42 respondents (a difference of 20% from the 2008 figure.

The average salary in 2010 was £61,200, based on 74 respondents (a difference of 35% from the 2009 figure.

The average salary in 2011 was £49,000, based on 55 respondents (a difference of -20% from the 2010 figure.

The average salary in 2012 was £52,548, based on 32 respondents (a difference of 7% from the 2011 figure.

The median salary for a Actuary based on all salary survey responses is: £45,000

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About the Salary Survey Data in this survey is based on over 368,000 individual salary records. The date period for which job information was gathered varies, but is usually between 2008 - 2012. For precise date related information, custom reports may be ordered with greater granularity. Working 8 hours a day, 250 days of the year, the data suggests the hourly rate for Actuary is £25.3.

Assorted Actuary Salary Information

£51,000North West2-August-16
£51,500Yorkshire and North East19-December-13
Chart to the right shows ten most recent raw datapoints. Outlying points may be discarded.
Graph of Actuary salary data

Actuary Salary By UK Region

£41,312North West
£23,750Yorkshire and North East
£48,408South East
£41,334South West

With regard to age and impact on salary for a Actuary, a statistical average weighting (that is based on how salary varies by age and not for a specific job which may vary considerably) suggests these figures: £37,946 for a worker in their 20s, £49,583 (30s), £58,690 (40s) and £58,690 (50s).
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The average salary figure above for a Actuary is considered highly likely to be representative of the UK market average due to the high number of respondents who had this exact job title.

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